Biased Technical Change and Economic Conservation Laws e-bog
875,33 DKK
(inkl. moms 1094,16 DKK)
Productivity of inputs is an important determinant of the competitiveness of firms in national and international markets. Productivity growth arises from deliberate decisions to innovate but the technological opportunities could be such that different inputs would have different rates of growth. Previous literature has mostly concentrated on labor productivity but empirical studies indicate tha...
E-bog
875,33 DKK
Forlag
Springer
Udgivet
1 juni 2006
Genrer
Economics
Sprog
English
Format
pdf
Beskyttelse
LCP
ISBN
9780387263762
Productivity of inputs is an important determinant of the competitiveness of firms in national and international markets. Productivity growth arises from deliberate decisions to innovate but the technological opportunities could be such that different inputs would have different rates of growth. Previous literature has mostly concentrated on labor productivity but empirical studies indicate that productivity of capital is also increasing. One of the objectives of this book is to examine the difference or bias in the productivity growth of the two inputs. In this book, application of this general approach to study of biased technical change is developed and new empirical results presented for both macroeconomies and microeconomic firms.